March 19, 2024 (MLN): To address pressing concerns affecting their industries and find feasible solutions to these challenges, the Federal Minister for Commerce, Jam Kamal Khan, convened separate but significant meetings with representatives from the Sugar Mills Association and Ethanol Manufacturer Association.
During the discussions, Minister Jam Kamal assured the industrialists of his commitment to advocate for their interests and address their concerns to support the local industry while simultaneously enhancing export volume to increase foreign reserves.
The Sugar Mills Association voiced apprehensions regarding the anticipated increase in tariffs for Molasses exports.
Members of the association highlighted the importance of encouraging Molasses exports to bolster foreign reserves.
They underscored the need for infrastructure improvements to enhance terminal capacity, facilitating greater access to international markets.
Conversely, representatives from the Ethanol Manufacturer Association emphasized the necessity of long-term policy measures to sustain the domestic ethanol industry.
They advocated against allowing excessive Molasses exports, citing the adverse impact on local production.
The Chairman of the Ethanol Association urged authorities to permit the importation of raw sugar to sustain sugar manufacturing.
In response to these concerns, Minister Jam Kamal reassured participants of the government's commitment to prioritizing their issues.
He pledged to expedite efforts to address these challenges, emphasizing the importance of bolstering industrial growth and augmenting foreign reserves.
The meetings concluded with a mutual understanding to work collaboratively towards overcoming obstacles and fostering a conducive environment for the sustainable growth of the sugar and ethanol industries.
Minister Jam Kamal affirmed his continued support for the prosperity and development of these vital sectors, underscoring their significance in driving economic progress and enhancing national resilience.
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Posted on: 2024-03-19T09:51:51+05:00
